Adam wants to buy a stereo system.
The usual price of the stereo system is $700.
There is a storewide promotional discount of 20%.
As a privileged card member, he is entitled to another 5% discount of the discounted price.
How much does he pay for the stereo system in all?
|
Price of the stereo system (in %) |
Price of the stereo system (in $) |
Usual Price |
100% |
$700 |
Less storewide discount |
- 20% |
- $140 |
Price with storewide discount |
80% |
$560 |
Price before deducting another 5% discount |
100% |
$560 |
Less additional 5% discount |
- 5% |
- $28 |
Price after another 5% discount |
95% |
$532 |
Discount based on the storewide 20% promotion
= 20% x 700
=
20100 x 700
= $140
Amount that Adam has to pay after 20% promotion
= 700 - 140
= $560
Further discount after another 5% discount
= 5% x 560
=
5100 x 560
= $28
Amount that Adam pays for the stereo system in all
= 560 - 28
= $532
Answer(s): $532